One Sumter Economic Development Foundation Inc
- Assets
- $1.2m
- Revenue
- $1.1m
- Investments
- $2.1k
- Employees
- 2
- Location
- Americus, GA
- Founding
- 01/2015
- Data as of
- 12/2022
- EIN
- 47-1453325
Organization Overview
One Sumter Economic Development Foundation Inc is located in Americus, GA. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, One Sumter Economic Development Foundation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Sumter Economic Development Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, One Sumter Economic Development Foundation Inc generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $341.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCEMENT AND PROMOTION OF ECONOMIC DEVELOPMENT, WORKFORCE DEVELOPMENT, MARKETING AND COMMUNICATIONS, AND TRANSPORTATION EFFORTS IN SUMTER COUNTY, GEORGIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT - DEVELOPED AND PROMOTED PROJECTS DESIGNED TO ENHANCE ECONOMIC DEVELOPMENT, ENCOURAGE NEW BUSINESS GROWTH AND DOWNTOWN REDEVELOPMENT IN SUMTER COUNTY AND THE MUNICIPALITIES THEREIN BY SUPPORTING NEXT SITE CONSULTING, COMMUNITY & REGIONAL PARTNERSHIPS, AND GROW 2024 CAPITAL CAMPAIGN.
- PROVIDED ADMINISTRATIVE SUPPORT FOR THE INGNIT COLLEGE AND CAREER AACADEMY, THE GROW 2024 CAMPAIGN, THE STOCK PHOTOGRAPHY LIBRARY, WEBSITE REDESIGN, PARTNERSHIP WITH SOUTH GEORGIA LEADS REGIONAL LEADERSHIP DEVELOPMENT PROGRAM BY SPONSORING A SOUTH GEORGIA REPRESENTATIVE, AND ESTABLISHED A CENSUS COMPLET COUNT COMMITTEE
WORKFORCE DEVELOPMENT - WORKED CLOSELY WITH BUSINESS AND EDUCATION LEADERS IN SUMTER COUNTY TO ENABLE OUR FUTURE WORKFORCE TO HAVE A GREATER OPPORTUNITY TO DEVELOP THEIR TALENTS AND BE BETTER EQUIPPED TO BECOME PRODUCTIVE MEMBERS IN THE COMMUNITY BY SUPPORTING THE COLLEGE AND CAREER ACADEMY AND LOCATE SOUTH GA LEADS.
LEADERSHIP DEVELOPMENT AND REGIONAL SUSTAINABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Beth Brownlee Director | Trustee | $0 | |
Tammye Pettyjohn Jones Director | Trustee | $0 | |
Bill Harris Jr Secretary Tr | OfficerTrustee | $0 | |
Dr Alex Riccardi Director | Trustee | $0 | |
Alex Saratsiotis Chairman | OfficerTrustee | $0 | |
Rene Smith Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,021,982 |
| Noncash contributions included in lines 1a–1f | $25,690 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,046,982 |
| Total Program Service Revenue | $0 |
| Investment income | $790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,060,926 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,370 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $791 |
| Payroll taxes | $2,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,340 |
| Fees for services: Accounting | $3,689 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,623 |
| Advertising and promotion | $33,392 |
| Office expenses | $5,088 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,856 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,206 |
| All other expenses | $2,564 |
| Total functional expenses | $341,272 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432,968 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $726,181 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $40,074 |
| Investments—other securities | $2,075 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,201,298 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,000 |
| Total liabilities | $20,000 |
| Net assets without donor restrictions | $565,379 |
| Net assets with donor restrictions | $615,919 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,201,298 |